ISELIN, N.J., Oct. 12, 2010 (GLOBE NEWSWIRE) -- On Track Innovations Ltd, (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, announced today that it received over $2 million follow-on orders to deliver expansion for the previously installed ePassport personalization system and eStickers for a European country's electronic passport (ePassport) program. OTI successfully delivered and implemented an advanced infrastructure for ePassport issuing and border control passenger inspection and verification in this country, following the announcement by OTI in early 2008, which already accounted for more than $3 million in revenues. The ePassport system meets the latest standards for electronic passports set by the International Civil Aviation Organization (ICAO). The eStickers enable the upgrade of existing passports to ePassports. Deliveries of the eStickers are expected to begin in the fourth quarter this year with most of the deliveries expected next year.
OTI Receives Over $2 Million Follow-On Orders For EStickers To Upgrade Passports To EPassports In A European Country
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